Imperial Brands (IMB) Reaches New 1-Year Low at $2,145.23

Imperial Brands PLC (LON:IMB) shares reached a new 52-week low on Monday . The stock traded as low as GBX 2,145.23 ($28.03) and last traded at GBX 2,163.50 ($28.27), with a volume of 108453 shares traded. The stock had previously closed at GBX 2,162 ($28.25).

Several research analysts have recently weighed in on IMB shares. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 3,400 ($44.43) price target on shares of Imperial Brands in a report on Friday, February 22nd. Credit Suisse Group set a GBX 3,350 ($43.77) price target on shares of Imperial Brands and gave the stock a “buy” rating in a report on Monday, February 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Imperial Brands in a report on Thursday, January 24th. Liberum Capital reaffirmed a “buy” rating on shares of Imperial Brands in a report on Wednesday, January 23rd. Finally, Citigroup raised shares of Imperial Brands to a “buy” rating and upped their price target for the stock from GBX 2,700 ($35.28) to GBX 3,000 ($39.20) in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 3,054.29 ($39.91).

The company has a market cap of $20.33 billion and a P/E ratio of 13.19. The company has a debt-to-equity ratio of 241.51, a current ratio of 0.68 and a quick ratio of 0.32.

The company also recently announced a dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, August 22nd will be paid a GBX 31.28 ($0.41) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 1.34%. Imperial Brands’s dividend payout ratio is presently 1.61%.

In related news, insider Matthew Phillips sold 4,235 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 2,640 ($34.50), for a total value of £111,804 ($146,091.73).

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Imperial Brands Company Profile (LON:IMB)

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.

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